Talaat Moustafa to launch units in Egypt new capital’s urban flagship next Sept.

Talaat Moustafa Group, one of Egypt’s largest real estate developers, says it plans to start launching a number of units in its fully-fledged urban project in the country’s new administrative capital within September 2018.

The project is established over 500 faddans in one phase, with total investments of around 35 billion Egyptian pounds ($2 billion), the company’s chairman Hesham Talaat Moustafa told Amwal Al Ghad on Monday.

Located some 40km (24.8 miles) to the east of Cairo, the under-construction new capital city will be a 270-square-mile hub with 21 residential districts to accommodate five million people.

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